LOUISVILLE, Ky.--(BUSINESS WIRE)--
John's International, Inc. (NASDAQ: PZZA), the world's third-largest
pizza delivery company (the "Company"), today announced that Chief
Financial Officer and Chief Administrative Officer Lance Tucker is
departing the Company effective March 2, 2018, to assume the role of
chief financial officer at Jack in the Box Inc. The Company will
immediately commence a search, to include internal and external
candidates, for a Chief Financial Officer.
"Lance has been a critical member of our executive leadership team. He
has also been instrumental in developing an already strong and deep
finance department. I appreciate all his contributions during his many
years with the Company and wish him the best in his new role,"
said Steve Ritchie, the Company's President and CEO.
About Papa John's
Headquartered in Louisville, Kentucky, Papa John's International, Inc.
(NASDAQ: PZZA) is the world's third-largest pizza delivery company. For
16 of the past 18 years, consumers have rated Papa John's No. 1 in
customer satisfaction among all national pizza chains in the American
Customer Satisfaction Index (ACSI). For more information about the
company or to order pizza online, visit Papa John's at www.papajohns.com.
Certain matters discussed in this press release constitute
forward-looking statements within the meaning of the federal securities
laws. Generally, the use of words such as "expect," "intend,"
"estimate," "believe," "anticipate," "will," "forecast," "plan,"
"project," or similar words identify forward-looking statements that we
intend to be included within the safe harbor protections provided by the
federal securities laws. Such forward-looking statements may relate to
projections or predictions concerning business performance, future
strategy and prospects, the performance of the Papa John's brand,
customer experience, as well as business and financial performance,
including revenue, earnings, cash flow, and other financial and
operational measures. Such statements are not guarantees of future
performance and involve certain risks, uncertainties and assumptions,
which are difficult to predict and many of which are beyond our control.
Therefore, actual outcomes and our results may differ materially from
those matters expressed or implied in such forward-looking statements.
The risks, uncertainties and assumptions that are involved in our
forward-looking statements include, but are not limited to: the
successful navigation of the brand's marketing and digital evolution,
the performance of our new senior leadership, our ability to identify
and hire a permanent CFO to succeed Mr. Tucker on a timely basis, our
ability manage the finance and accounting function during the
transition, aggressive changes in pricing or other marketing or
promotional strategies by competitors, which may adversely affect sales
and profitability; and new product and concept developments by food
industry competitors; changes in consumer preferences or consumer buying
habits, including changes in general economic conditions or other
factors that may affect consumer confidence and discretionary spending;
changes in our liquidity or changes in the debt markets in general,
including adverse changes in interest rates, and our ability to meet
debt service requirements; the adverse impact on the company or our
results caused by product recalls, food quality or safety issues,
incidences of foodborne illness, food contamination and other general
public health concerns about our company-owned or franchised restaurants
or others in the restaurant industry; failure to maintain our brand
strength, quality reputation and consumer enthusiasm for our better
ingredients marketing and advertising strategy; the ability of the
company and its franchisees to meet planned growth targets and operate
new and existing restaurants profitably, including difficulties finding
qualified franchisees, store level employees or suitable sites;
increases in food costs or sustained higher other operating costs. This
could include increased employee compensation, benefits, insurance, tax
rates, new regulatory requirements or increasing compliance costs;
increases in insurance claims and related costs for programs funded by
the company up to certain retention limits, including medical, owned and
non-owned automobiles, workers' compensation, general liability and
property; disruption of our supply chain or commissary operations which
could be caused by our sole source of supply of cheese or limited source
of suppliers for other key ingredients or more generally due to weather,
natural disasters including drought, disease, or geopolitical or other
disruptions beyond our control; increased risks associated with our
international operations, including economic and political conditions,
instability or uncertainty in our international markets, especially
emerging markets, fluctuations in currency exchange rates, difficulty in
meeting planned sales targets and new store growth; the impact of
current or future claims and litigation, including labor and
employment-related claims; current, proposed or future legislation that
could impact our business; failure to effectively execute succession
planning; disruption of critical business or information technology
systems, or those of our suppliers, and risks associated with systems
failures and data privacy and security breaches, including theft of
confidential company, employee and customer information, including
payment cards. These and other risk factors are discussed in detail in
"Part I. Item 1A. - Risk Factors" in our Annual Report on Form 10-K for
the fiscal year ended December 25, 2016. We undertake no obligation to
update publicly any forward-looking statements, whether as a result of
future events, new information or otherwise, except as required by law.
View source version on businesswire.com: http://www.businesswire.com/news/home/20180116006750/en/
Papa John's International, Inc.
Peter Collins, 502-261-4233
Director, Public Relations
Source: Papa John's International, Inc.
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